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Australian (ASX) Gold Industry Analysis
UpdatedMar 09, 2026
DataAggregated Company Financials
Companies151
- 7D-9.5%
- 3M16.2%
- 1Y95.1%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 9.5%, driven by Northern Star Resources declining 20%. Meanwhile, EMC Gold actually outperformed within the industry, gaining 18% in the last week. This takes the industry's 12 month performance to a gain of 95%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Mar 2026 | AU$175.0b | AU$31.1b | AU$6.3b | 24.9x | 28x | 5.6x |
| Wed, 04 Feb 2026 | AU$174.1b | AU$26.3b | AU$4.6b | 28.7x | 38.3x | 6.6x |
| Fri, 02 Jan 2026 | AU$165.0b | AU$26.4b | AU$4.6b | 27.8x | 36.1x | 6.2x |
| Sun, 30 Nov 2025 | AU$153.4b | AU$26.5b | AU$4.6b | 25.2x | 33.6x | 5.8x |
| Tue, 28 Oct 2025 | AU$139.3b | AU$26.4b | AU$4.6b | 24.3x | 30.4x | 5.3x |
| Thu, 25 Sep 2025 | AU$138.2b | AU$26.9b | AU$4.8b | 19.2x | 28.7x | 5.1x |
| Sat, 23 Aug 2025 | AU$106.6b | AU$24.8b | AU$4.4b | 16.8x | 24.2x | 4.3x |
| Mon, 21 Jul 2025 | AU$98.7b | AU$22.2b | AU$3.1b | 17.2x | 31.8x | 4.4x |
| Wed, 18 Jun 2025 | AU$106.8b | AU$22.3b | AU$3.1b | 20.8x | 34.6x | 4.8x |
| Fri, 16 May 2025 | AU$92.4b | AU$22.4b | AU$3.1b | 19.3x | 29.8x | 4.1x |
| Sun, 13 Apr 2025 | AU$93.7b | AU$22.2b | AU$3.0b | 18.3x | 30.7x | 4.2x |
| Tue, 11 Mar 2025 | AU$79.6b | AU$22.0b | AU$3.0b | 19x | 26.8x | 3.6x |
| Thu, 06 Feb 2025 | AU$81.8b | AU$18.6b | AU$1.8b | 21.4x | 44.9x | 4.4x |
| Sat, 04 Jan 2025 | AU$71.2b | AU$18.7b | AU$1.8b | 22x | 39x | 3.8x |
| Mon, 02 Dec 2024 | AU$73.4b | AU$18.6b | AU$1.8b | 20.8x | 40.8x | 4x |
| Wed, 30 Oct 2024 | AU$78.4b | AU$18.4b | AU$1.8b | 24.5x | 43.5x | 4.2x |
| Fri, 27 Sep 2024 | AU$70.1b | AU$18.1b | AU$1.8b | 21.9x | 38.3x | 3.9x |
| Sun, 25 Aug 2024 | AU$65.1b | AU$17.3b | AU$1.2b | 23.8x | 52.6x | 3.8x |
| Tue, 23 Jul 2024 | AU$61.0b | AU$16.0b | AU$1.1b | 23.2x | 56.5x | 3.8x |
| Thu, 20 Jun 2024 | AU$56.2b | AU$16.9b | AU$1.2b | 19.8x | 47.7x | 3.3x |
| Sat, 18 May 2024 | AU$59.7b | AU$17.1b | AU$1.2b | 22.5x | 50.3x | 3.5x |
| Mon, 15 Apr 2024 | AU$60.6b | AU$17.2b | AU$1.2b | 23.5x | 50.4x | 3.5x |
| Wed, 13 Mar 2024 | AU$53.1b | AU$16.7b | AU$1.2b | 20.1x | 43.9x | 3.2x |
| Fri, 09 Feb 2024 | AU$49.2b | AU$15.4b | AU$279.5m | 22.9x | 175.9x | 3.2x |
| Sun, 07 Jan 2024 | AU$73.9b | AU$22.9b | AU$1.3b | 23.3x | 54.9x | 3.2x |
| Tue, 05 Dec 2023 | AU$76.7b | AU$22.9b | AU$1.3b | 25x | 56.8x | 3.3x |
| Thu, 02 Nov 2023 | AU$70.0b | AU$23.0b | AU$1.4b | 22.6x | 51.1x | 3x |
| Sat, 30 Sep 2023 | AU$65.8b | AU$22.9b | AU$1.4b | 22x | 48.1x | 2.9x |
| Mon, 28 Aug 2023 | AU$67.8b | AU$22.6b | AU$1.1b | 16.5x | 62.7x | 3x |
| Wed, 26 Jul 2023 | AU$70.7b | AU$22.2b | AU$532.2m | 18.7x | 132.9x | 3.2x |
| Fri, 23 Jun 2023 | AU$69.8b | AU$22.2b | AU$559.4m | 17x | 124.8x | 3.1x |
| Sun, 21 May 2023 | AU$72.2b | AU$22.3b | AU$581.7m | 18.7x | 124.2x | 3.2x |
| Tue, 18 Apr 2023 | AU$77.3b | AU$22.3b | AU$575.3m | 18.1x | 134.4x | 3.5x |
| Thu, 16 Mar 2023 | AU$64.3b | AU$22.4b | AU$645.3m | 19.2x | 99.6x | 2.9x |
Price to Earnings Ratio
99.6x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.0x which is lower than its 3-year average PE of 60.6x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 113% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -3.68% | |
| Materials | -8.35% | |
| Metals and Mining | -8.52% | |
| Gold | -9.50% | |
| Aluminum | -3.43% | |
| Precious Metals and Minerals | -5.10% | |
| Steel | -7.68% | |
| Diversified Metals and Mining | -8.16% | |
| Silver | -8.94% | |
| Copper | -14.15% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EM3 EMC Gold | AU$0.23 | 17.9% +AU$14.5m | 489.7% | PE-17.9x | |
| GPR Geopacific Resources | AU$0.056 | 7.7% +AU$12.8m | 180.0% | PB1.8x | |
| TOR Torque Metals | AU$0.37 | 5.7% +AU$11.9m | 302.2% | PS1151.6x | |
| TAM Tanami Gold | AU$0.12 | 9.5% +AU$11.8m | 303.5% | PB3.2x | |
| SFM Santa Fe Minerals | AU$0.38 | 20.6% +AU$10.6m | 826.8% | PB53x |